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also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd like to be optimistic but tell clients buy with sound balance sheets. and if the market goes up better, we're in a better position. >> i have to press you on what you say about you like companies that pay better dividends? >> right now you're looking at the. senate bill will will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes. people need income. >> you told us last time y
also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd...
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Dec 10, 2012
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one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put more gasoline online. the third thing, this one's important, crude oil prices, which are really the underlying feedstock for gasoline, crude oil prices have remained low. as we are concerned about the fiscal cliff and a slowdown in the world's economy and in asia and in europe. so these are the three factors that have come together to give us a sustained drop in the price of gasoline almost over the last three weeks, wolf. >> is this a short-term development? what's in store over the longer term? >> we're into that lower driving season. obviously, spr
one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put...
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Dec 10, 2012
12/12
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FBC
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look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million dollars short of the revenue it expected to bring in, because when you raise taxes, some people leave. check the big board. same old same old same old. the dow is flat, up just 23 points in the early going this monday morning. here is our company: sandra smith is with us. the conservative commentator is with us. and nicole petallides is there on the floor of the new york stock exchange. here we go, new at 10:00, the latest climate change rant from former vice president al gore. he blames pollution for causing climate change, which h
look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million...
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Dec 10, 2012
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scholar's is one of hundreds of new york schools damaged by superstorm sandy. gone are the plays in this auditorium. ♪ >> this is our grand piano, or was our grand piano. these were brand new curtains that we fought for years to get. they're still wet. >> reporter: the sea wolves marching band and the winning teams silent for now. the instruments and uniforms flooded in sewage. the gym now a construction zone. >> hey, guys, thank you for your hard work. >> reporter: this school's 1,100 students are being bussed to temporary schools like ps-13. >> we have students on the stage. they have the conference rooms, everything. we're using every single space in the room. we had little nooks. they're in nooks everywhere. >> reporter: honor student ryan panetta lost his home to sandy and his school. he told us what scholars' means to him. >> it was just fun to be there. like made kids actually like want to learn. >> reporter: fred is working to fix the school where his father worked and where he studied. he dreams his son will go there one day too. >> it's the best hig
scholar's is one of hundreds of new york schools damaged by superstorm sandy. gone are the plays in this auditorium. ♪ >> this is our grand piano, or was our grand piano. these were brand new curtains that we fought for years to get. they're still wet. >> reporter: the sea wolves marching band and the winning teams silent for now. the instruments and uniforms flooded in sewage. the gym now a construction zone. >> hey, guys, thank you for your hard work. >> reporter:...
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Dec 10, 2012
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some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have a little bit more certainty on taxes, on regulation, and the trajectory of fiscal policy going forward. >> what i hear you both saying, though, and you're talking about spending issue, and not worrying so much about that, but i also hear you saying it would be a big mistake to raise taxes. >> absolutely. yeah. >> but the top 2%, is that the least deleterious people to raise it on? >> yeah, it would be. but right now i'd prefer not to raise taxes on anybody. but if you're going to do it, then the people at the lowest propensity to consume -- >> you d
some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have...
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Dec 10, 2012
12/12
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KGO
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a lot has to do with post sandy. the supply is back up and the hope is that consumers will take the money and spend it shopping. >> that is the hope. and jobs number, better than expected. unemployment now to 7.7%. and bianna, people watching tonight, where are the jobs? >> that is the question. we did some digging and here is what we found. not a surprise. retail up, 53,000 up in, and professional, hospitality and restaurants. hotels and 23,000 and health care up 20,000. these are good numbers. and will it continue? they are not so sure given what is going on in washington. >> that is the big question, bianna, thanks for being here. >>> in the nfl today, they were mourning their tragic loss. the dallas cowboys bowing their heads in a moment of silence to remember their teammate jerry brown who died in a car accident. it was another team member, josh brent, who was driving. he is charged with driving drunk and manslaughter. today in court, he was unable to make dale. he issued a statement saying i will live with this
a lot has to do with post sandy. the supply is back up and the hope is that consumers will take the money and spend it shopping. >> that is the hope. and jobs number, better than expected. unemployment now to 7.7%. and bianna, people watching tonight, where are the jobs? >> that is the question. we did some digging and here is what we found. not a surprise. retail up, 53,000 up in, and professional, hospitality and restaurants. hotels and 23,000 and health care up 20,000. these are...
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Dec 9, 2012
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there was som hurricane sandy. i will tell you in auto sales and we're a sun belt company without any sandy effect, our sales improved 8% over october and we were up 21% in the month of november. that had nothing to do with hurricane sandy. >> is the fiscal cliff affecting your business, mike? are you seeing consumers hesitant about buying. we were talking about the fact that consumers are optimistic and business is sitting on cash anticipating the results of the fiscal cliff. what's it doing to your business? >> maria, it's amazing and a head scratcher and maybe i just worry too much but the american consumer believes, or has faith, confidence, whatever you call it that there will be some sort of resolution around the fiscal cliff and that washington, d.c. is not so recklessly irresponsible to throw this economy back in to recession. so they are behaving as if the fiscal cliff will be resolved. so auto sales have met the challenges of the debt crisis of high gas prices and now the fiscal cliff with the american co
there was som hurricane sandy. i will tell you in auto sales and we're a sun belt company without any sandy effect, our sales improved 8% over october and we were up 21% in the month of november. that had nothing to do with hurricane sandy. >> is the fiscal cliff affecting your business, mike? are you seeing consumers hesitant about buying. we were talking about the fact that consumers are optimistic and business is sitting on cash anticipating the results of the fiscal cliff. what's it...
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Dec 9, 2012
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kids go on and write a letter to sandy. when hurricane sandy hit, i was here. >> alisyn: and you have pictures that children draw, and hope the viewers can see them. and vie what this picture is, you see the stick figures and you see what? >> this is the kid being rescued. this is a fire engine and the kids and family being rescued. >> clayton: and you asked the kid-- you had another one, with a tree. >> a tree falling and e-mailed the picture. these are pictures from hoboken from kids at the center since they have no internet and still don't. >> this is interesting, because people had to deal with fraud and all sorts of things, but you go to the website and how do you make sure that the toys you're able to give out go to the kids that need it. >> we vet their addresses and where they were during the storm. since most aren't where they were, because they're all displaced, we have them give us an address to ship to during the last week in december, third week in december and amazon ships directly to them and so we maintain t
kids go on and write a letter to sandy. when hurricane sandy hit, i was here. >> alisyn: and you have pictures that children draw, and hope the viewers can see them. and vie what this picture is, you see the stick figures and you see what? >> this is the kid being rescued. this is a fire engine and the kids and family being rescued. >> clayton: and you asked the kid-- you had another one, with a tree. >> a tree falling and e-mailed the picture. these are pictures from...
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. >> it's a holiday effort to help victims of superstorm sandy. i'm tim williams with more from towson coming up. >> i'm meteorologist bernadette woods. the mild air is going to continue, but so does the chance for some rain. we'll have your first warning forecast coming up when eyewitness news returns. >> complete coverage continues with adam may and meteorologist bernadette woods and sports with stan saunders. it's wjz, maryland's news station. ♪ jingle bells, jingle bells, jingle all the -- ♪ ♪ oh, what fun it is to ride... ♪ get in the holiday spirit with dunkin's peppermint mocha new white chocolate, or gingerbread flavors today. america runs on dunkin'. have you started shopping? just waiting for inspiration to strike. and there it is! done. genius. give the gift of dunkin' coffee. get two pounds for $14.99, only at dunkin' restaurants. america runs on dunkin'. 74 . >>> looks like pea soup out there. foggy again. 50 degrees in central maryland. bernadette woods will have the complete forecast coming up. first why police try to contro
. >> it's a holiday effort to help victims of superstorm sandy. i'm tim williams with more from towson coming up. >> i'm meteorologist bernadette woods. the mild air is going to continue, but so does the chance for some rain. we'll have your first warning forecast coming up when eyewitness news returns. >> complete coverage continues with adam may and meteorologist bernadette woods and sports with stan saunders. it's wjz, maryland's news station. ♪ jingle bells, jingle...
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Dec 9, 2012
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says it will suffer a $1.3 billion loss in the wake of super storm sandy. president obama is asking $6gress for $60 billion in ederal aid for states hit hard by the storm. here's john bentley. nt reporter: more than a month after hurricane sandy slammed snto long island, workers are fill digging out from the damage. >> i'm here to coordinate the workers so they successfully clean up all the debris. >> reporter: angela bosco is the manager of this program in hauppauge, new york. out of work since march she got thatjob because of a government grant that only hires those who ire unemployed. d i never would imagine it riuld take a hurricane to bring me to a county position. it was like a blessing, actually. >> reporter: with tons of debris still left to clean up from hurricane sandy, the state themployment arrest almost 9%, this program hopes to solve two problems at once-- getting all of this cleaned up, getting people back to work. the super storm leveled businesses across new york. this program is aimed at the 50,000 new yorkers who lost heir jobs, according
says it will suffer a $1.3 billion loss in the wake of super storm sandy. president obama is asking $6gress for $60 billion in ederal aid for states hit hard by the storm. here's john bentley. nt reporter: more than a month after hurricane sandy slammed snto long island, workers are fill digging out from the damage. >> i'm here to coordinate the workers so they successfully clean up all the debris. >> reporter: angela bosco is the manager of this program in hauppauge, new york. out...
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Dec 8, 2012
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finding space for the thousands of volunteers who stepped up in the aftermath of superstorm sandy has proven to be a tall order. that's where this ship comes in, the ss wright. it is now home away from home for a couple hundred volunteers from the american red cross and fema core. they are staying together and eating together and playing games and watching sports together, yet it is in patriotic living quarters. and they are manning the 27 disaster recovery centers set up in the tri-state area. many are young and even just right out of high school. it is an interesting dynamic as many of the red cross volunteers are older. retired health care workers. it can be trying. being around storm victims and devastation at times is emotionally exhausting. >> the hardest part for me that i am not able to give them immediate assistance. you have to sign up at first. you have to wait. you have to go through the process. you have to get evaluated and awful that stuff. it is different from the red cross where if you need a lunch they give uh lunch. >> and the living quarters are less than luxurious
finding space for the thousands of volunteers who stepped up in the aftermath of superstorm sandy has proven to be a tall order. that's where this ship comes in, the ss wright. it is now home away from home for a couple hundred volunteers from the american red cross and fema core. they are staying together and eating together and playing games and watching sports together, yet it is in patriotic living quarters. and they are manning the 27 disaster recovery centers set up in the tri-state area....
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Dec 8, 2012
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the typhoon unleashed winds stronger than those of hurricane sandy in october. rubble has destroyed homes and landmarks, and many residents are too stunned to fifth help out. >> ipresident obama is asking congress for money on behalf of the states hardest hit by superstorm sandy. president is requesting more in a joint statement, new and new jersey governor chris christie say, the money will help their states rebuild. they also say the money will region from future storms. both governors recently went to washington to lobby >> it has been 71 years since the attack on pearl harbor. bringing the u-s into world war two. coast guard island. gathered to honor those who were killed in the attack that killed about 24-hundred people. the local ceremony included a 21 gun salute. >> what a time to be out watching movies! >> they have to be out there because of the academy awards. they're hoping to go home with gold i have some great movies. and movies. gerard butler in playing for keeps.. the month when jan wahl that- >> andzero dark thirty with kathryn bigelow and those
the typhoon unleashed winds stronger than those of hurricane sandy in october. rubble has destroyed homes and landmarks, and many residents are too stunned to fifth help out. >> ipresident obama is asking congress for money on behalf of the states hardest hit by superstorm sandy. president is requesting more in a joint statement, new and new jersey governor chris christie say, the money will help their states rebuild. they also say the money will region from future storms. both governors...
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Dec 8, 2012
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from hurricane sandy scenario. >> great. so, this is going to help a lot of affected individuals. so if you want information where you can go to do this, go to pay off layaways,.org and make the donations to help out folks needy. and rs schmidt the board meet for that southeast athletic club. thanks for your work, that's great. >> thanks for the opportunity. >> up next, sandy was no match for this house and how did it vanish? >> she said to me, are you sure your house is gone. >> i said, miss, you misplace your pen and pencil, you don't misplace a house. >> that guy is walking down the hall. he's here to share his story with us. why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most
from hurricane sandy scenario. >> great. so, this is going to help a lot of affected individuals. so if you want information where you can go to do this, go to pay off layaways,.org and make the donations to help out folks needy. and rs schmidt the board meet for that southeast athletic club. thanks for your work, that's great. >> thanks for the opportunity. >> up next, sandy was no match for this house and how did it vanish? >> she said to me, are you sure your house is...
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Dec 8, 2012
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industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells notice and being investigated by the securities and exchange commission. behind it is a very interesting debate going on. the reason for the investigation is that the ceo reid hastings had posted some information on his facebook page about developments at the company and the fec said you didn't disclose this property, should have been a press release or filing with the sec and raises new questions about social media and fair disclosure. >> tom: this is all about how technology is changing and regulations have a hard time susie keeping up with it. we see it with high frequency trad
industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells...
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Dec 8, 2012
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. >>> president obama asking congress for billions in relief after superstorm sandy. but is it enough to coverage all the damage? we'll tell you how much he's asking for ahead. we're at walmart talking about the low price guarantee with brandy who is stocking up for the holidays. look at that price. that's great! if you find a lower advertised price, walmart will match it at the register. really? yeah. there you have it. oh my goodness! that's the walmart low price guarantee. see for yourself. bring in your last receipt and see how much you can save. be ready. with the season's tastiest brands. like farm rich mozzarella bites. bite-sized and loaded with mozzarella cheese. walmart has everything you need to be ready for holiday hosting. with our low price guarantee backed by ad match. walmart. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fas
. >>> president obama asking congress for billions in relief after superstorm sandy. but is it enough to coverage all the damage? we'll tell you how much he's asking for ahead. we're at walmart talking about the low price guarantee with brandy who is stocking up for the holidays. look at that price. that's great! if you find a lower advertised price, walmart will match it at the register. really? yeah. there you have it. oh my goodness! that's the walmart low price guarantee. see for...
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Dec 8, 2012
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KPIX
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president obama asked congress ssday for more than $60 billion today p states rebuild after superstorm sandy. in new york city, a jury deliberated more than a week in the trial of a bus driver accused of being so tired, he caused a crash that killed 15 of his passengers. today came the verdict: not guilty. and michelle miller tells us the driver is a free man tonight. .> how do you find the >> hndant, guilty or not guilty? >> not guilty. t reporter: the bus driver wept veen he heard the verdict. ears ill williams could have faced 15 years in prison. hisas driving 32 people from a connecticut casino to new york's chinatown when his bus hit a guardrail, toppled, and was torn open by a signpost. williams claimed he'd been cut off by a tractor-trailer. investigators found no evidence of that. but they discovered williams averaged three hours of sleep in the days before the crash. they cited driver fatigue as the probable cause. florence wong's father don lee was killed in the crash. >> he had 15 lives that was under under his control and they're not here. he has to live with that with conscinsci
president obama asked congress ssday for more than $60 billion today p states rebuild after superstorm sandy. in new york city, a jury deliberated more than a week in the trial of a bus driver accused of being so tired, he caused a crash that killed 15 of his passengers. today came the verdict: not guilty. and michelle miller tells us the driver is a free man tonight. .> how do you find the >> hndant, guilty or not guilty? >> not guilty. t reporter: the bus driver wept veen he...
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Dec 8, 2012
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KTVU
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superstorm sandy is estimated to be the most costly natural disaster in the united states since hurricane katrina. >> the recent rains we've had here have produced some good news for the ma rist canyon county water supplies. they're showing the highest levels ever recorded for this time of year. the down side is mud slides if the ground doesn't get a chance to dry out by any measures this weekend will be a far cry from last weekend. our meteorologist mark is here with the sgluz last week, we had storm no. 2 two approaching the bay area and then we were advertising the third strong one. no storms this week and as you can see, mostly clear sky there with the exception of a batch of high clouds moving toward the central portion of the bay. as far as temperatures they are cooling off. most areas are in the 50s. santa rosa 56, oakland, 56 with winds not too much of a factor. if you're looking toward the bay waters earlier today, i noticed the calm conditions. satellite, no rain drops expected. in fact the storm track heading to the north of the bay area so we can guarantee you a dry weather pa
superstorm sandy is estimated to be the most costly natural disaster in the united states since hurricane katrina. >> the recent rains we've had here have produced some good news for the ma rist canyon county water supplies. they're showing the highest levels ever recorded for this time of year. the down side is mud slides if the ground doesn't get a chance to dry out by any measures this weekend will be a far cry from last weekend. our meteorologist mark is here with the sgluz last week,...
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are all the sandy charities getting all the money this year? >> unfortunately when disasters happen there is flood of money because of a good heart of americans and it is appropriate that way, but when it happens right have to make choices where your charitable dollars to go there is tension and some charities that lose out that really need help. of course it is no easy choice for a donor. we recommend if at all possible that you don't forget those charities that are there for you all year-round. gerri: up 7.5% for the big charities. that is an amazing number. ken, thanks for coming on. it is charitynavigate tore.org, correct? >> correct. gerri: great website. president obama and his family getting into the christmas spirit at the 90th tree-lighting ceremony at the whites house. it was transplanted to the white house days before the hurricane. look at that. it is cool. it made it through unharmed. obama was saying santa claus is coming to town. this is the tree outside. guess what? there are 54 more of them inside the house. than last year. the
are all the sandy charities getting all the money this year? >> unfortunately when disasters happen there is flood of money because of a good heart of americans and it is appropriate that way, but when it happens right have to make choices where your charitable dollars to go there is tension and some charities that lose out that really need help. of course it is no easy choice for a donor. we recommend if at all possible that you don't forget those charities that are there for you all...
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Dec 7, 2012
12/12
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CNNW
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the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had the chance to reclaim anything. >> this is what you came home to two weeks after the storm. >> nick expected devastation, but not this. a seatcushion is all that's left of his family's summer home. two weeks after sandy, maria and his neighbors were finally allowed back into the area. but his house had been bulldozed. >> everyone else was here that week, that day, and i felt like a lost soul. everybody is taking clothing out, bringing their luggage, taking pictures out, whatever they could stuff in, and i had nothing to take. that was a shock. >> a long with shock came frustration over
the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had...
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Dec 7, 2012
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>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what we'd like to see. >> maybe, tom, it is not that we are a nation of pessimists. it is that we're a nation of realists. maybe sort of from a strk turl long point of view we just have to get used to this. >> that's a great point. 150,000 is not good enough depending on your expectations for growth. if you're looking for 1.5% to 2% growth you are probably in the sweet spot. but if you are looking for something more, looking for 2.5% to 3% growth you need much more job growth to see that outcome. but we're not there. we don't think we'll get there. there's still too many headwind facing the small business segment
>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what...
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sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but because the way the labor department counts full-time workers part time workers and whether people work at all, and when they work, it didn't show up in the headline numbers . one thing that did, 350,000 people left the workforce in november. that was one reason again why the unemployment rate dropped to 7.7%. ashley and tracy. ashley: sounded good to begin with then you take in those factors as peter outlined, maybe not so good. peter, thank you so much. tracy: there is lot more ugly in the report and we'll talk about it now actually bec
sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but...
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. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis in egypt remains volatile, with massive anti-government rallies planned today. >>> heartbreaking survival story for a woman stranded in the snow in the california sierra nevada mountains. >>> shoppers at a seattle macy's had to be hospitalized when an escalator they were riding malfunctioned. >> fire to the end zone. touchdown. >> broncos with their eighth straight win. >> all that -- >> three, two, one! >> my 50th birthday, she gives everybody a car and then she's all, thank you for coming to gayle's birthday! >> we're talking about oprah, right? >> no, of course not. >>> and all that matters. >> s
. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis...
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you have this people who say this report is very important. it's going to be driving the conversation on the fiscal cliff. we only have 25 days until the tax hikes and spending cuts start to take effect. here is the thing. this number came in much better than expected, don. so the bad part about this is that it may not motivate all those politicians on capitol hill as much as it may have, if it came in much weak er. this may not light the fire, so to speak. that could be the downside to the upside surprise to the number. don? >> alison, stick aro
we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you...
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economists were predicting just 80,000 jobs would have added because of superstorm sandy and that the unemployment rate would remain stuck at 7.9%. stock futures are rallying after that report. >>> asian markets were mostly lower ahead of today's unemployment rate. hong kong also shed a fraction. tech stocks gave wall street stocks a modest lift yesterday. they finished 39 points higher while the nasdaq was up 15 points. the. >>> the securities and exchange commission is investigating nexflix and the company's ceo. reid hastings is dismissing the claim that the facebook post may have boosted the stock price. at the time hastings mentioned how much nexflix viewing had increased. you have to be really careful what you post on facebook. >> my coe anchor is happy because she's a huge heavy meal fan and now metallica is streaming its video. >> i didn't know i was a fan. >> you're getting ready to rock out because fans of metallica can stream the band's music on spotify. in fact in 2000, metallica filed a lawsuit against napster accusing them of copy right infringement. they can now listen
economists were predicting just 80,000 jobs would have added because of superstorm sandy and that the unemployment rate would remain stuck at 7.9%. stock futures are rallying after that report. >>> asian markets were mostly lower ahead of today's unemployment rate. hong kong also shed a fraction. tech stocks gave wall street stocks a modest lift yesterday. they finished 39 points higher while the nasdaq was up 15 points. the. >>> the securities and exchange commission is...
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. >>> superstorm sandy is widely thought to have slowed the u.s. job growth last month. the only question is how much. an answer is expected to emerge from the government's job report from november which is due out today. meanwhile new jersey's governor paid a visit to president obama yesterday asking for money to help his state rebuild. the storm destroyed 80% of this sea side heights community and left the famous boardwalk in pieces. governor chris christie says it will take $37 million to rebuild that area. the president is expected to ask congress for $50 billion but that will not cover the $83 billion that new york, new jersey and connecticut are already asking for now. >>> same-sex couples can now apply and receive marriage lrnses in maryland -- licenses in maryland. on the first day yesterday, just a few couples around the state actually went to clerks' offices to pick up listens. they have to wait -- licenses. they have to wait till 12:01 on new year's day. montgomery county's new licenses say party one and party two. prince george's county plans to issue one lic
. >>> superstorm sandy is widely thought to have slowed the u.s. job growth last month. the only question is how much. an answer is expected to emerge from the government's job report from november which is due out today. meanwhile new jersey's governor paid a visit to president obama yesterday asking for money to help his state rebuild. the storm destroyed 80% of this sea side heights community and left the famous boardwalk in pieces. governor chris christie says it will take $37...
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superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate to remain at 7.9%. >>> president obama says this northern virginia couple is proof that lawmakers must come to an agreement on a budget deal by the end of the year. he met with tiffany and richard santana yesterday. living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> we live with an extended family. we have two sets of adult incomes in our home. it would be more like a $4,000 tax increase for us, which would be relatively devastating for our family. i wanted to share that with the white house. i wasn't sure i was going to get a response, but i did want to at least make my voice heard. >> president obama says he'll only sign off on a budget deal that includes a tax hike for the wealthiest americans. republicans say they want to generate additional tax revenue by closing tax loopholes and eliminating some deductns. >>> the budget stalemate is taking its toll on maryland and virginia's governments.
superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate to remain at 7.9%. >>> president obama says this northern virginia couple is proof that lawmakers must come to an agreement on a budget deal by the end of the year. he met with tiffany and richard santana yesterday. living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> we live with an...
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except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50 largest companies. one economist says the move is imminent. when it moves into an index like that, portfolio managers and fund managers buy it, because many of them have funds that track the s&p 500. >> how do you feel about that jobs report? . . >> i would like to see a triple digit number, but i don't think we'll see it because of sandy, end of the year, companies are nervous. >>> we're watching a developing story in egypt where protests in the streets are expected against the country's president again. we are live from cairo after a quick break. >>> and rescue. a woman saved after police say her ex-husband t
except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50...
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economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov coverage. as the days went on, we understood that that senior white house officials was the white house official. so it was pretty exciting for us. >> president obama and lawmakers now have less than four weeks to reach a deal to avoid steep tax hikes and spending cuts from taking effect. >>> 4:34 now. melissa mollet is at the live desk with breaking news. good morning, melissa. >> good morning. sirens are going off. a tsun
economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that...
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did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came very "fast a
did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you....
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november jobs report comes out and it's expected to be messy between holiday hiring and the aftermalgt of sandy, some analysts say no matter what it shows no one should read much into it. with the holidays upon us how are businesses finding ways to keep jobs and their doors are open while others fail. tom forman went looking for answers in new york. >> amid the bustle of broadway, against the bad economy and the crushing competition at the strand the show goes on. it started more than 80 years ago. this independent bookstore has beaten the odds surviving the great depression, world war ii and fred bass, who was a baby when his dad started the strand says the store is enduring these tough times, too. >> we have good books and good prices. lately we've been selling a lot of new books at discount, but it's mostly used book or out of print books. >> the strand's eclectic approach allows it to appeal to a broad array of clients hunting the trivial and treasured on the shelves like this rare copy of . >> the strand success is about more than inventory. employees top to bottom must possess a deep know
november jobs report comes out and it's expected to be messy between holiday hiring and the aftermalgt of sandy, some analysts say no matter what it shows no one should read much into it. with the holidays upon us how are businesses finding ways to keep jobs and their doors are open while others fail. tom forman went looking for answers in new york. >> amid the bustle of broadway, against the bad economy and the crushing competition at the strand the show goes on. it started more than 80...
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what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for unemployment benefits rocketed in the week of the hurricane. last week fell just as rapidly. we will eventually know what happened to the labor market in november. but as my "washington post" colleague neil irwin writes, probably not until december 21st or so when the state by state jobs numbers come out, that we can filter out the states hit by the hurricane and see what's going on in states where the economy was relatively normal. done. whatever the number is -- time to spare. whatever the number is tomorrow, don't freak out, don't worry about it. at least not yet. to come home for the holidays. that'
what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for...
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chris christie met with president obama to talk about aid following superstorm sandy. and the first family lights up their tree. now let's get you back to "hardball." >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to "hardball." today president obama took his fiscal pitch outside the beltway visiting a middle class family in the virginia suburbs. the president's message is resonating with people across america. a new quinnipiac poll proves it. 53% trust president obama and the democrats more to handle the fiscal cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you'
chris christie met with president obama to talk about aid following superstorm sandy. and the first family lights up their tree. now let's get you back to "hardball." >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to...
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and compare it to new york and new jersey alone after hurricane sandy asking for $60 billion, to deal with one storm. >> secretary clinton was on the front foot in copenhagen. she is the one that announced its $100 billion commitment from developed countries. we're here from the u.s. is, we put some money on the table to start things up but we cannot tell you when the rest of the money is coming and how much it will be. it is easy to say that it is all about the budget process, so let us remind ourselves, during the financial crisis, the money to save the banks was very quickly forthcoming. depending on who you ask it was either $700 billion or $12 trillion. that just shows when you have the political will, you could find the money. what we would like to see from the united states, he will let them to be a leader on that finance. it is not about giving a present to poor countries. it is insurance for people living in the united states, that we are going to help the world. we are about to get a change of the state department. this is a tremendous opportunity to reset climate policy. th
and compare it to new york and new jersey alone after hurricane sandy asking for $60 billion, to deal with one storm. >> secretary clinton was on the front foot in copenhagen. she is the one that announced its $100 billion commitment from developed countries. we're here from the u.s. is, we put some money on the table to start things up but we cannot tell you when the rest of the money is coming and how much it will be. it is easy to say that it is all about the budget process, so let us...
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. >> more than a month than superstorm sandy devoured part of if east coast parts of maryland are still struggling to recover. >> maryland has less than 30 days to file a repeal with fema after its refusal to help those affected by superstorm sandy. they say they are open to give parts of maryland a closer look but kisses of oceancy they -- citizens they say don't need it. the toughest loss -- >> we did loss part of the fishing pier on the ocean front which is big news. everyone relates to the pier. just the eastern portion of the pier. we did loss that but that has been contracted to be rebuilt. >> the pier should be back up before next summer. the mayor tells us there is no lingering problems that the fema is dealing with. they are working on beach maintenance and replenishment. >> tonight's medical alert. a new study out of john hopkins shows that fasting might be key for epilepsy patients. researchers tell us that children with seizures that are treated with a high-fat low carb diet may get an added benefit from fasting. the results suggest that combined these practices can reduce s
. >> more than a month than superstorm sandy devoured part of if east coast parts of maryland are still struggling to recover. >> maryland has less than 30 days to file a repeal with fema after its refusal to help those affected by superstorm sandy. they say they are open to give parts of maryland a closer look but kisses of oceancy they -- citizens they say don't need it. the toughest loss -- >> we did loss part of the fishing pier on the ocean front which is big news....
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he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is you
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now,...